Investing.com - Global shipping giant United Parcel Service (N:UPS) reported quarterly earnings that topped analysts' expectations on Tuesday, but revenue figures came up short.
The company posted fourth-quarter earnings per share of $1.57, compared to $1.25 a share in the year-earlier period.
Revenue for the quarter totaled $16.05 billion, missing forecasts for revenue of $16.20 billion, as currency exchange rates and lower fuel surcharges weighed.
The company also forecast full-year earnings of $5.70 to $5.90 a share, compared with expectations of $5.73 a share.
Shares of UPS rose more than 2% in premarket trade following the announcement.
UPS said it made its Christmas deliveries on time in December after two straight years of problems during peak holiday season.